by Christopher Nye | Mar 2, 2021
The single currency weakened by around 0.5% against USD yesterday amid the frustratingly slow vaccine rollout and rising Covid cases in several of the EU’s major economies, including Germany. Other than that the data from within the EU was broadly positive, including...
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by Christopher Nye | Mar 2, 2021
Sterling rallied early yesterday in response to positive data across the board (including mortgage lending, manufacturing PMI and lower credit card bills), but then declined through the rest of the day ending slightly below where it started. The boost from being the...
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by Christopher Nye | Mar 2, 2021
Sterling weakened across the board yesterday as positive vaccine and lower infection data begins to be priced in. The dollar strengthened across all major currencies, something that will not please President Biden as his team aims to bolster American manufacturing...
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by Christopher Nye | Mar 1, 2021
The dollar is weaker against a basket of currencies as US treasury yields have stabilised. This means that riskier currencies are now in favour over reserve currencies, such as the US dollar. The markets are still keeping an eye on Biden’s $1.9 trillion stimulus bill,...
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